Healthy Brains Global Initiative Inc

Analysis

Healthy Brains Global Initiative Inc is a registered charity in United States, based in Rutherford, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthy Brains Global Initiative Inc reported income of $281k and spending of $1.2m, spending 413% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.5m to $281k (-89%), an average of -89% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Healthy Brains Global Initiative Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Alaska Youth Orchestras ($281k), Mad Cow Theatre Inc ($281k) and Warehouse Theatre Group Warehouse Theatre Company ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $468k (40% of expenses). Other salaries and wages came to $55k. At year end it held assets of $680k against liabilities of $76k, net assets of $604k. It reported 3 employees.